Flotek Announces Increased 2024 Guidance and Continued Profitability Growth in Connection with Second Quarter 2024 Results [Yahoo! Finance]
Flotek Industries, Inc. (FTK)
Last flotek industries, inc. earnings: 8/7 08:54 pm
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US:NYSE Investor Relations:
flotekind.com/index.php/investor-relations
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Source: Yahoo! Finance
results for the quarter ended June 30, 2024 , highlighted by significant improvement in profitability metrics as compared to the second quarter of 2023. Due to the strong business performance in the first half of the year, the Company increased its 2024 profitability guidance. Financial Summary (in thousands, except 'per share' amounts) Three Months Ended June 30, Six Months Ended June 30, Total Revenues Gross Profit Adjusted Gross Profit Net Income (Loss) Diluted Income (Loss) Per Share Adjusted EBITDA Second Quarter 2024 and Recent Highlights Generated total revenue of $46.2 million , a 14% increase from the first quarter of 2024, driven by a 40% sequential increase in chemistry revenues from external customers and a 22% sequential increase in Data Analytics revenue. Increased gross profit margin and adjusted gross profit margin to 20% and 23%, respectively, as compared to 8% and 10% respectively, during the second quarter 2023. Reported net income of $2.0
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News
- Strength Seen in Flotek Industries (FTK): Can Its 9.5% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- Flotek to Present at the 2024 Gateway Conference on September 4, 2024GlobeNewswire
- We Think That There Are Some Issues For Flotek Industries (NYSE:FTK) Beyond Its Promising Earnings [Yahoo! Finance]Yahoo! Finance
- Flotek Industries, Inc. (FTK) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Flotek Announces Increased 2024 Guidance and Continued Profitability Growth in Connection with Second Quarter 2024 ResultsPR Newswire
FTK
Earnings
- 8/6/24 - In-Line
FTK
Sec Filings
- 8/16/24 - Form 8-K
- 8/8/24 - Form 10-Q
- 8/6/24 - Form 8-K
- FTK's page on the SEC website